Economic Impact
Floods create both immediate and long-term economic consequences
that affect individuals, businesses, and the nation as a whole.
Direct Damage
- Destruction of homes and residential buildings
- Damage to businesses and commercial properties
- Loss of crops, livestock, and farmland
- Infrastructure damage (roads, bridges, utilities)
- Damage to vehicles and personal property
- Destruction of public facilities and schools
Indirect Losses
- Disrupted transportation networks and logistics
- Temporary closure of facilities and services
- Reduced productivity and business interruption
- Long-term recovery and reconstruction costs
- Loss of tourism revenue and economic activity
- Increased insurance premiums and risk costs
The financial impact extends beyond immediate repairs. Government
spending on relief operations, emergency response, and reconstruction
diverts resources from other development projects. Insurance claims
increase premiums, and businesses face reduced revenue during
recovery periods.
By quantifying these losses through the dashboard, decision makers can
better understand which areas and sectors are most at risk and evaluate
the benefits of investing in mitigation projects such as flood barriers,
drainage improvements, or relocation of critical infrastructure. The
visualization of economic impacts makes it easier to identify patterns,
prioritize resources, and make data-driven decisions for flood risk
management.